Tara Mines Holdings profits soar to €31.5m

PRE-TAX profits at the company that operates Tara Mines in Co Meath last year increased more than fivefold to €31.5m.

The zinc mine is the largest in Europe and fifth largest in the world, employing over 700 people.

Filings just lodged with the Companies Office show that revenues at the Swedish-owned Tara Mines Holdings Ltd and subsidiaries increased by 22% last year from €153m to €187.9m in the 12 months to the end of December last.